If you are new to online price comparisons, you may be bewildered by the diversity of local and online companies who all claim to have the lowest rates.
Sad but true, the vast majority of consumers have bought auto insurance from the same company for at least the last four years, and roughly 40% of drivers have never compared rates from other carriers. Lima drivers could save an average of about 55% each year just by getting comparison quotes, but most just don't grasp the actual amount they would save if they switched.
Choosing the best rates in Lima seems hard but is not really that difficult. Virtually every driver who needs cheaper insurance stands a good chance to find a lower-cost policy. Although Ohio consumers must know the way insurance companies calculate their prices because it can help you find the best coverage.
Car insurance companies offering affordable rate quotes in Ohio
The companies in the list below have been selected to offer price quotes in Ohio. If more than one company is shown, we recommend you visit as many as you can to get a more complete price comparison.
|Make, Model, and Trim Level||Annual Policy Premium||6-month Policy Premium||Monthly Premium|
|Chevrolet Malibu LTZ||$940||$470||$78|
|Chevrolet Silverado LTZ Crew Cab 4WD||$874||$437||$73|
|Dodge Ram Quad Cab TRX4 Off Road 4WD||$918||$459||$77|
|Ford Escape Limited 2WD||$600||$300||$50|
|Ford F-150 Lariat Super Cab 2WD||$624||$312||$52|
|Ford Focus S 4-Dr Sedan||$950||$475||$79|
|GMC Sierra SLE Regular Cab 4WD||$650||$325||$54|
|Honda Accord EX 2-Dr Coupe||$684||$342||$57|
|Honda CR-V LX 4WD||$506||$253||$42|
|Honda Civic Hybrid 4-Dr Sedan||$978||$489||$82|
|Hyundai Elantra GLS 4-Dr Sedan||$646||$323||$54|
|Mazda 3 I SV 4-Dr Sedan||$764||$382||$64|
|Nissan Altima 3.5 SR 4-Dr Sedan||$940||$470||$78|
|Toyota Camry Hybrid||$922||$461||$77|
|Toyota Corolla XLE||$754||$377||$63|
|Toyota RAV4 2WD||$634||$317||$53|
|Volkswagen Jetta 2.0T Station Wagon||$598||$299||$50|
|Get Your Own Custom Quote Go|
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Ohio minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Premium costs do not factor in garaging location in Lima which can revise premium rates noticeably.
Should you raise deductibles?
The information below highlights how deductible selection and can increase or decrease GMC Acadia insurance premiums for different age groups. The data is based on a single male driver, full coverage, and no discounts are taken into consideration.
GMC Acadia rates are for example purposes only. To get rates for your specific vehicle, click here.
How accidents and violations affect rates
The chart below illustrates how violations and accident claims raise Honda Accord annual premium costs for different ages of insureds. The information is based on a single male driver, full coverage, $1,000 deductibles, and no additional discounts are factored in.
Honda Accord rates are for example purposes only. To get rates for your specific vehicle, click here.
Slash rates with these discounts on auto insurance
Insuring your fleet can be pricey, but you can get discounts to help offset the cost. Some discounts apply automatically when you purchase, but once in a while a discount must be specially asked for before you will receive the discount. If you're not getting every credit you deserve, you are throwing money away.
- Sign Early and Save - Some auto insurance companies reward drivers for buying a new policy prior to your current policy expiring. It's a savings of about 10%.
- Discount for New Cars - Adding a new car to your policy is cheaper compared to insuring an older model.
- Discount for Good Grades - A discount for being a good student could provide a savings of up to 20% or more. The good student discount can last up until you turn 25.
- Theft Deterrent System - Vehicles that have factory alarm systems and tracking devices can help prevent theft and therefore earn up to a 10% discount.
- Life Insurance - If the company offers life insurance, you could get a discount if you purchase some life insurance too.
- Lower Rates for Military - Having an actively deployed family member may lower your rates slightly.
- Air Bags and Passive Restraints - Vehicles equipped with air bags can get savings of up to 25% or more.
- One Accident Forgiven - Not a discount per se, but a few companies such as GEICO and Liberty Mutual permit an accident without getting socked with a rate hike so long as you haven't had any claims before the accident.
- Drivers Ed for Students - Require your teen driver to complete a driver education course as it can save substantially.
- Discount for Multiple Policies - If you can combine your auto and home policy with one insurance company you could get a discount of as much as 10 to 15 percent.
You can save money using discounts, but most of the big mark downs will not be given to the whole policy. A few only apply to the price of certain insurance coverages like physical damage coverage or medical payments. Even though it appears all the discounts add up to a free policy, auto insurance companies aren't that generous.
Car insurance companies that may include most of the discounts above include:
If you are trying to find inexpensive Lima car insurance quotes, ask every prospective company what discounts are available to you. Some discounts might not be available to policyholders everywhere. To see a list of auto insurance companies that can offer you the previously mentioned discounts in Lima, click this link.
Lower Lima car insurance rates
A large part of saving on car insurance is knowing the different types of things that help determine your premiums. If you have some idea of what impacts premium levels, this allows you to make good choices that can earn you lower car insurance prices.
When should you not file a policy claims? - If you are a frequent claim filer, you should expect higher rates. Insurance companies in Ohio provide most affordable rates to policyholders who only file infrequent claims. Your car insurance is designed for claims that you cannot pay yourself.
Annual mileage impacts premiums - The more you drive in a year the more it will cost to insure it. Most companies calculate rates determined by how the vehicle is used. Autos that sit idle most of the time can get a lower rate than those that get driven frequently. It's a good idea to make sure your declarations sheet properly reflects the proper vehicle usage, because improper ratings can cost you money.
Save money by raising coverage deductibles - Physical damage insurance, also called comprehensive and collision insurance, helps pay for damage to your vehicle. Some examples of covered claims are running into the backend of another car, hitting a deer, and windstorm damage. Comprehensive and collision coverage deductibles define how much you are required to pay if you file a covered claim. The more expense you choose to pay out-of-pocket, the less your company will charge you for insurance.
Cheaper rates after marriage - Your spouse can get you a discount compared to being single. Having a spouse translates into being more responsible and statistics show married couples file fewer claims.
Job impacts rates - Do you work in a high-stress field? Careers such as military generals, executives and stock brokers have the highest rates due to stressful work requirements and long work hours. Conversely, careers like scientists, historians and the unemployed get better rates.
Rural vs Urban Areas - Having an address in smaller towns and rural areas of the country can be a good thing when talking about car insurance. Lower population means less chance of accidents and lower theft and vandalism rates. Residents of big cities tend to have more traffic problems and longer commutes to work. More time on the road means a statistically higher chance of an accident.
Insurance is expensive for youthful drivers - Older people are more responsible, cause fewer claims and accidents, and receive fewer citations.Youthful drivers are statistically proven to be easily distracted when driving with friends so car insurance rates are higher.
How's your driving record? - Only having one citation can increase rates by twenty percent. Drivers who don't get tickets receive lower rates as compared to those with violations. Drivers who have dangerous violations such as DUI or willful reckless driving may find they need to prove financial responsibility with their state DMV in order to continue driving.
You may need advice from an insurance agency
Certain consumers prefer to go talk to an agent and that can be a smart move An additional benefit of comparing insurance prices online is that drivers can save money and get the lowest rates but still work with a licensed agent.
After completing this short form, your information is instantly submitted to insurance agents in Lima who want to provide quotes for your business. There is no need to find an agent on your own since rate quotes are delivered straight to your inbox. You can find better rates and a licensed agent to work with. If for some reason you want to compare prices from a specific insurance company, you would need to visit that company's website and fill out the quote form the provide.
Finding a good company requires you to look at more than just the premium amount. Any good agent in Lima should know the answers to these questions.
- Do they get extra compensation for selling add-on coverages?
- What insurance company do they write the most business with?
- Do they have 24-hour customer assistance?
- Will they make sure you get an adequate claim settlement?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
If you are searching for an insurance agent, you need to know there are two different agency structures to choose from. Auto insurance policy providers are categorized either independent or exclusive depending on the company they work for.
Exclusive Auto Insurance Agencies
Agents of this type can only quote rates from one company and some examples include State Farm, AAA, and Liberty Mutual. Exclusive agents cannot provide other company's prices so they really need to provide good service. Exclusive agents are highly trained on the products they sell which helps them compete with independent agents. Some insured continue to buy from the same agent for years mostly because of the brand legacy instead of buying on price only.
Independent Agencies or Brokers
These agents do not have single company limitations and that allows them to write policies with many different companies and find the cheapest auto insurance rates. If your premiums go up, the agent simply finds a different carrier and you don't have to do anything.
When comparing rates, you will definitely want to get insurance quotes from a few independent agents in order to have the best price comparison. They often place coverage with different regional companies that may have much lower rates than larger companies.
After getting acceptable answers to your questions as well as a price you're happy with, you've probably found an insurance agency that is reliable enough to properly insure your vehicles. But remember, you are able to cancel your coverage any time you want so don't assume that you are permanently stuck with a specific agent for the full term.
Compare car insurance rates regularly to save
As you restructure your insurance plan, it's not a good idea to sacrifice coverage to reduce premiums. Too many times, consumers will sacrifice liability coverage limits and discovered at claim time that it was a big error on their part. Your aim should be to buy enough coverage at the best possible price and still be able to protect your assets.
We've covered many ideas to compare car insurance rates in Lima. The key concept to understand is the more rate quotes you have, the higher your chance of finding affordable Lima car insurance quotes. You may even discover the lowest priced car insurance comes from some of the lesser-known companies.
People who switch companies do it for a variety of reasons including high prices, unfair underwriting practices, lack of trust in their agent and even delays in responding to claim requests. No matter why you want to switch, choosing a new insurance company is not as hard as you think.
More detailed car insurance information can be read at these sites:
- Five Tips to Save on Auto Insurance (Insurance Information Institute)
- Who Has Cheap Car Insurance for a Company Car in Ohio? (FAQ)
- What Car Insurance is Cheapest in Akron, Ohio? (FAQ)
- What Insurance is Cheapest for Single Moms in Ohio? (FAQ)
- Who Has the Cheapest Auto Insurance for Drivers Requiring a SR22 in Ohio? (FAQ)
- What is the Best Auto Insurance in Strongsville, Ohio? (FAQ)
- Who Has the Cheapest Ohio Auto Insurance Quotes for a Toyota Tacoma? (FAQ)
- Vehicle Insurance in the U.S. (Wikipedia)
- Rental Car Insurance Tips (Insurance Information Institute)
- How to shop for a safer car (Insurance Institute for Highway Safety)
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)